So, the world’s largest economy the US, with a GDP of 20.1 trillion USD in 2020, is likely to experience temporary inflation as the economy reopens and emerges from the pandemic lockdowns, according to Fed Chair Jerome Powell. “You can only go out to dinner once per night” said Powell as he explained his reasoning …
Fed Discontinues Publishing M2
Just as the money supply M2 takes a moon shot the Fed discontinues publishing M2 weekly data. So, what is M2 and why is it closely watched? M2 is the circulation of the money supply as well as near money, which includes cash and checking deposits. Tracking the trajectory of M2 is not just for …